Latest financial news
| MOROCCO | SMI | Net income more than doubled in 2025, DPS raised to MAD 150
In 2025, SMI recorded a clear improvement in its financial performance. Revenue reached MAD 1.566 billion, up 48.7% compared to 2024. This momentum was accompanied by a strong increase in EBITDA, which stood at MAD 864 million, an 89.9% rise, allowing the EBITDA margin to improve significantly to 55.2%, compared with 43.2% a year earlier.
Along the same lines, net income more than doubled to MAD 397 million, up 112.3%, with a net margin of 25.4%, an improvement of 7.6 points. In this favorable context, the dividend per share was raised to MAD 150, compared with MAD 80 in 2024.
| MOROCCO | AFRIC INDUSTRIES | Net income down 24% in 2025, DPS lowered to MAD 20
In 2025, Afric Industries posted mixed performance indicators. Revenue edged up to MAD 44 million, a 2.0% increase compared with the previous year. This modest growth supported a rise in EBIT, which reached MAD 11 million (+16.3%), lifting the EBIT margin to 25.4%.
However, this momentum was not enough to sustain net profitability, which moved lower. Net income fell by 24.1% to MAD 8 million, leading to a contraction in the net margin to 17.1%. As a result, the dividend per share was revised downward, coming in at MAD 20 versus MAD 22 in 2024.
Economic news
| MOROCCO | GDP | The IMF forecasts a growth rate of 4.4% in 2026
According to the latest forecasts of the International Monetary Fund (IMF), the Moroccan economic growth would have reached 4.9% in 2025. Furthermore, the IMF forecasts an economic growth of 4.4% in 2026 and 4.5% in 2027.
| WAEMU | INFLATION | An inflation rate of -0.5% in January 2026
According to the Central Bank of West African States (BCEAO), the inflation rate in the WAEMU region settled at -0.5% in January 2026 against -0.8% during the previous month.
